Carlyle Group Agrees to Settle Collusion Suit for About $115 Million

Private-Equity Firm Agreed to Pay About $115 Million

Carlyle Group LP has reached an agreement to settle allegations made in a long-running case that it colluded with rivals to keep prices down on corporate buyouts, according to people familiar with the negotiations.

The Washington, D.C., private-equity firm is the last of seven firms remaining in the 2007 case to reach a settlement agreement ahead of a Boston hearing that was set for next week. The case's potential for class-action...